U.S. stocks extend their gains for the third week

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Source: Dukascopy Bank SA
U.S. stocks climbed on Friday extending their gains for the third consecutive week amid higher-than-expected profits of General Electric Co. and Goldman Sachs Group Inc. and talks on the debt-ceiling took progress. The S&P 500 index advanced 1% to 1,485.98. All but one sector in the index edged higher with industrial shares rallying the most by 0.96%. Life Technologies Corp. jumped 10.59% as the market reacted on report released by Financial Post that said the company might be sold in the nearest future. Furthermore, Morgan Stanley rose 7.9% and State Street Corporation surged 5.9%. Both lifted financial shares that were 0.10% up, yet posting the smallest gain in the gauge. Alongside to that, Micro Devices dropped the most in the index by 10.2% to $2.46, dragging down the technology sector that erased 0.4%. Capital One Financial Corporation declined 7.5% to $56.99, capping further gains in financial stocks, while Intel Corporation slid 6.3% to $21.25 also supporting a decrease in technology shares.
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Mon, 21 Jan 2013 11:48:05 GMT

U.S. shares gain on rising optimism about the debt-ceiling

U.S. blue chips advanced for a third week, as corporate earnings beat the estimates and rising hopes for Congress to agree on the debt-ceiling. However, the lawmakers still remained to different views on raising the debt-limit and reducing the government spending. The Dow Jones industrial Average advanced 1.2%, or 161.27 points, to 13,649.70. Both the Dow Jones and S&P indices

Mon, 21 Jan 2013 11:26:03 GMT

Most Asian stocks falls as Japanese shares decline

Most Asian shares retreated on speculation stocks might have advanced too far and too fast. The MSCI Asia Pacific Index fell 0.3% to 132.36 after adding less than 0.1%. Japan's Nikkei 225 Stock Average declined 1.5% as a BOJ's two-day policy meeting begins today. Australia's S&P/ASX 200 Index gained 0.1%, while South Korea's Kospi Index fell 0.1% and Singapore's Straits

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